Archives for April 2016

The Finance and Tax Tribunal has ruled in favour of HM Revenue & Customs in five cases in which an avoidance product operated by managed service company (MSC) Costelloe Business Services was used to avoid PAYE income tax and Class 1 National Insurance contributions (NICs) on employment income.
Costelloe Business Services (CBS) case rested on whether the scheme sidestepped MSC legislation with CBS claiming it was not involved with each service company. Recruiter understands the scheme … [Read more...]

This is the Payroll company you are looking for!
In celebration of Star Wars Day, ePayMe have a limited time special offer:
Any candidate that registers or re-registers with us between May the 4th andMay the 6th will receive 4 weeks free payroll processing.
To take advantage of this amazing offer, simply ask your candidates to call us between the above dates on 0800 622 6119, or register online at www.epayme.co.uk/contractor-registration (remembering to quote the promotional phrase, 'The … [Read more...]

No need to set an alarm this morning – this news certainly woke me up……………………..
SDC and PSC are words synonymous within the contractor, temp and the wider Recruitment Process Outsourcing (RPO) sector.
But, HMRC, via Companies House have today published a game changer and it’s huge!
In short, Companies House are viewing, SDC and PSC as one and the same. This will be known as “People with Significant Control” (PSC).
The upshot is simple, the exodus to people setting up Ltd Companies, … [Read more...]

Barring exceptional cases, contractors working for the public sector through their own limited companies are now likely to be subject to a long-standing but controversial tax regime aimed at tackling tax avoidance, say employment tax experts.
This is due to proposed changes around the tax regime known as IR35. The proposed new rules, announced last month in Budget 2016, are designed to crack down on the use of limited companies, also known as personal service companies (PSCs). Contractors … [Read more...]

From the 6th of April 2016, in order to pay a contractor travel and subsistence expenses free of Tax and National Insurance, staffing businesses and employment intermediaries have to show that there is no supervision, direction or control (SDC) over a worker “in the manner in which they go about their work”. HM Revenue and Customs (HMRC) will test by examining relevant documents and gathering facts from all parties involved, and if HMRC considers the evidence is unsatisfactory they will recover … [Read more...]

In the 2016 Budget, the Government made an important policy announcement about Disguised Remuneration Avoidance. HMRC will be using the ‘contractor loans’ Talking Points session on 30th March to summarise what this announcement means for individuals that might be involved in Disguised Remuneration Avoidance schemes such as contract workers. ePayMe have been invited to partake in this session and we will be reporting back as to the specific changes. Should you have any questions, please email … [Read more...]

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